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Fixing California will require cutting the excessive public pensions that unions have negotiated since 1999.
The two sides, however, have not negotiated since Selig called a halt to secret talks that had proceeded for three months -- last April, May and June.
If we add up all of the IMF's commitments under the 16 standby arrangements negotiated since the crisis intensified last year, the total is less than $46bn.
Much of the money negotiated since then has been earmarked to support elderly survivors in Europe, Israel and the United States.
The two sides have not negotiated since Oct. 11, when workers at Vons walked out, but the next day Albertsons and Ralphs struck back by locking out their unionized workers to show solidarity with Vons.
Union contracts negotiated since the 1991 recession have lowered labor costs, the wave of mergers that mired operations and slowed trains to a crawl seems to have ended, and soaring natural-gas prices have stimulated demand for coal, which is shipped by rail.
Similar(52)
The sides have been negotiating since the end of the season.
The sides have been negotiating since before the union's contract expired at the end of July.
The league and the union have been negotiating since July, when the contract expired.
The sides have been negotiating since June about wage increases, sickness and death benefits and pensions.
The two sides had been negotiating since June on a contract to replace the existing one, which expired Saturday.
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